About Canara Bank Personal Loan in Indore

Canara bank is one of the leading banks in India. The bank has been established in the pre-independence era. It was formed in the year 1906. The main aim of the bank was to encourage the saving habits among the people and provide the financial products so as to make the society economically strong. The bank has followed the ideology till the date along with using the latest technology. It has been in the banking sector for more than 100 years and has the experience in the fields of customer satisfaction. The bank has strived hard to incorporate the best quality products and services according to the requirements of the customers. The main aim is to provide them the financial products that can truly help them in coming to the solution. It has introduced many new facilities in the banking sectors which were among the first by the banks. The credit card for farmers, the introduction of inter- state ATMs etc.

The city of Indore is one of the main and largest cities of Madhya Pradesh. The city is still in the developing stage. It is growing with times. The city requires the frequent flow of the funds to maintain the standard of life. The personal loan is one such product where you can avail the loan amount for your personal reasons which are not required to disclose before the bank. The loan offered by the Canara bank is one of the best and has the competitive interest rate. It comes with certain other features like minimal documentation and quick disbursal of funds which makes it even more beneficial. The personal loan is one of the financial solutions that helps the people in the city of Indore to meet the financial requirements and achieve the dreams and aspirations.

Canara Bank Personal Loan in Indore at a glance

Particulars

Details

Interest Rate

11.00% - 14.00%

Loan amount

Up to ₹ 3 lakh

Tenure

Up to 5 years

Processing fee

0.5% of the loan amount

Pre- payment charges

As per bank's norm

Eligibility Criteria

Permanent employees of reputed PSUs and Joint Stock Companies

Confirmed Central / State Government officials

Lecturers / Asst. Professors / Professors of Colleges / Research Institutions and University

The salary account of the employee should be maintained with the branch

The minimum net salary should not be less than 25% or ₹ 10,000/- per month whichever is higher.

Disclaimer: MMPL does not sell any loans on our own and do not charge any fee from any customers/viewers. We advise customers/viewers to choose from best offers from Banks and its advertisers. We do not guarantee any loans as loan sanction is as per Banks and Nbfcs. We suggest all users to never pay any upfront amount for any loan disbursal and if any person who call you as representative of MMPL and ask for any amount report the incident immediately via putting us a mail at [email protected]Read More